By continuing to use the site, you agree to our use of cookies and to abide by our Terms and Conditions. We in turn value your personal details in accordance with our Privacy Policy.
Please log in or register. Registered visitors get fewer ads.
Anyone with any trading knowledge? on 21:09 - Jan 28 by BanksterDebtSlave
The thing you have been banging on about for a decade?
Oh, sorry. That silver is a good long term investment. I don't believe the western world will ever repay the debt we've accrued and usually when it comes to an honest default or turning on the printing presses governments take the option that keeps the music on for a bit longer. Obviously there's no free lunch and eventually the increased money supply leads to a loss of confidence in the currency and we see massive inflation. Possibly hyperinflation.
Sounds insane but if someone can explain to me how we get out of this any other way i'd like to hear it.
Add in that silver is an industrial metal which we're going to need more of, that it is consumed and not recovered (when used in some things as it's currently not worth recovering) and the historical silver to gold ratio is 16:1 instead of the 50:1 or whatever it is at the moment and it looks a great bet for the longer term.
I'm not a financial advisor, this isn't advice, follow at your own risk etc etc.
Anyone with any trading knowledge? on 21:17 - Jan 28 by J2BLUE
Oh, sorry. That silver is a good long term investment. I don't believe the western world will ever repay the debt we've accrued and usually when it comes to an honest default or turning on the printing presses governments take the option that keeps the music on for a bit longer. Obviously there's no free lunch and eventually the increased money supply leads to a loss of confidence in the currency and we see massive inflation. Possibly hyperinflation.
Sounds insane but if someone can explain to me how we get out of this any other way i'd like to hear it.
Add in that silver is an industrial metal which we're going to need more of, that it is consumed and not recovered (when used in some things as it's currently not worth recovering) and the historical silver to gold ratio is 16:1 instead of the 50:1 or whatever it is at the moment and it looks a great bet for the longer term.
I'm not a financial advisor, this isn't advice, follow at your own risk etc etc.
The fact that it is classed as an industrial metal in the UK is precisely why it is a poor investment. Many in the UK have been using European distributors to get around paying tax in the UK. Now those loopholes are closing and the cost will be more.
Silver, like gold, is a hedge against currencies. It will, of course, remain strong in times of volatility. But paying tax on that is a big inefficiency, due to the classification, which makes it a poor choice as a hedge. It is not just me saying this, but silver pourers and silver communities - eg, backyard Bullion or The Silver Forum - where they are concerned about their investments and industry going forward.
The widening of the ratio is reflective of it being a second rate choice as hedge.
Also, whilst I wouldn't argue against the possibility of hyperinflation and/or serious economic collapse. I would argue against gold/silver/bitcoin being effective practical hedges in those situations, unless you are looking to straight-up migrate out of the country. People won't be able to cash in their hedges effectively and runs on cash would make timing when you cash in, if possible, an improbably judgement call.
I would only recommend taking a hedge as a way to avoid drawing on other cash assets when the value of cash is low. Your normal dips that Ricardo and Malthus spent their days arguing over. For example, don't draw on dividends, take from you gold/silver.
I don't have any decent suggestions of how to get out of the economic problem you describe. Nor any better suggestions of how to hedge against it.
Submit your 1-24 league prediction here -https://www.twtd.co.uk/forum/514096/page:1 - for the opportunity to get a free Ipswich top.
Anyone with any trading knowledge? on 23:41 - Jan 28 by Kropotkin123
The fact that it is classed as an industrial metal in the UK is precisely why it is a poor investment. Many in the UK have been using European distributors to get around paying tax in the UK. Now those loopholes are closing and the cost will be more.
Silver, like gold, is a hedge against currencies. It will, of course, remain strong in times of volatility. But paying tax on that is a big inefficiency, due to the classification, which makes it a poor choice as a hedge. It is not just me saying this, but silver pourers and silver communities - eg, backyard Bullion or The Silver Forum - where they are concerned about their investments and industry going forward.
The widening of the ratio is reflective of it being a second rate choice as hedge.
Also, whilst I wouldn't argue against the possibility of hyperinflation and/or serious economic collapse. I would argue against gold/silver/bitcoin being effective practical hedges in those situations, unless you are looking to straight-up migrate out of the country. People won't be able to cash in their hedges effectively and runs on cash would make timing when you cash in, if possible, an improbably judgement call.
I would only recommend taking a hedge as a way to avoid drawing on other cash assets when the value of cash is low. Your normal dips that Ricardo and Malthus spent their days arguing over. For example, don't draw on dividends, take from you gold/silver.
I don't have any decent suggestions of how to get out of the economic problem you describe. Nor any better suggestions of how to hedge against it.
I respect your opinion. I've been researching this for over a decade though and bought most of my silver for £9.50 an ounce VAT free from Guernsey. The postman used to love me getting about 20 padded envelopes with each order to keep it under the threshold .
Silver is a big part of my strategy. I know exactly what i'm doing and what my end game is. I'm not all in by any means so if i'm wrong and it falls to £5 per ounce i'll just have a good swear and try and find a (toy) cat to kick
Anyone with any trading knowledge? on 12:49 - Jan 29 by J2BLUE
I respect your opinion. I've been researching this for over a decade though and bought most of my silver for £9.50 an ounce VAT free from Guernsey. The postman used to love me getting about 20 padded envelopes with each order to keep it under the threshold .
Silver is a big part of my strategy. I know exactly what i'm doing and what my end game is. I'm not all in by any means so if i'm wrong and it falls to £5 per ounce i'll just have a good swear and try and find a (toy) cat to kick
Yeah, sorry, Perhaps the way I worded that last post was a bit strong. For clarification, I doubt very much it will fall below £5. Well, I don't think it will fall long-term regardless. It is more that I think the rate of gains will be slower than other precious metals, and therefore I wouldn't advise it going forward, for the time being.
I do think that owning precious metals is important for the coming century and a correction verses the stock market seems inevitable to me at this point.
I'm linking a video to the silver pourer I mentioned. Not as a way to justify my opinion, more because as you have had an active interest for the past 10 years, you may find it interesting going forward. He talks about silver at around 11:30.
[Post edited 29 Jan 2021 13:55]
Submit your 1-24 league prediction here -https://www.twtd.co.uk/forum/514096/page:1 - for the opportunity to get a free Ipswich top.
Anyone with any trading knowledge? on 13:55 - Jan 29 by Kropotkin123
Yeah, sorry, Perhaps the way I worded that last post was a bit strong. For clarification, I doubt very much it will fall below £5. Well, I don't think it will fall long-term regardless. It is more that I think the rate of gains will be slower than other precious metals, and therefore I wouldn't advise it going forward, for the time being.
I do think that owning precious metals is important for the coming century and a correction verses the stock market seems inevitable to me at this point.
I'm linking a video to the silver pourer I mentioned. Not as a way to justify my opinion, more because as you have had an active interest for the past 10 years, you may find it interesting going forward. He talks about silver at around 11:30.
[Post edited 29 Jan 2021 13:55]
Cheers, i'll have a watch.
I like seeking out alternative views just to challenge mine. I regularly seek out Harry Dent just because he's so anti precious metals and he predicts deflation.
Anyone with any trading knowledge? on 13:26 - Jan 28 by Kropotkin123
The idea was to decentralise payments (via blockchains), but the amount of transactions per second are so ridiculously bad, that it is nowhere near able. The irony being that the only way it is likely to achieve what it set out to do is by integration through these centralised payment systems (visa, Mastercard, etc).
I think long term it is a hedge against fiat currency. Something to draw you pension from when other assets are tanking. But gold is more stable, so why bother with the risk of bitcoin.
At the moment bitcoin is still just speculation with rather dodgy foundations. For what it is worth, I do think blockchain will have more of a lasting impact on our future.
Blockchain is here for good and will be a massive part of financial markets moving forward.
Governments are slowly moving to their own forms of bitcoin and my personal opinion is yes bitcoin will rise short term but longer term I think governments will prevails and practically ban anything other than their own bitcoin.
China, India and more recently Japan have made moves to control bitcoins. The UK is talking about introducing Britcoin. Money is power and governments dont like giving up power easily.
0
Anyone with any trading knowledge? on 13:57 - Apr 23 with 744 views
Anyone with any trading knowledge? on 12:49 - Jan 29 by J2BLUE
I respect your opinion. I've been researching this for over a decade though and bought most of my silver for £9.50 an ounce VAT free from Guernsey. The postman used to love me getting about 20 padded envelopes with each order to keep it under the threshold .
Silver is a big part of my strategy. I know exactly what i'm doing and what my end game is. I'm not all in by any means so if i'm wrong and it falls to £5 per ounce i'll just have a good swear and try and find a (toy) cat to kick
Silver will outperform Gold over the next 5 years. Its THE metal to get into at the moment and I have invested in a couple of Silver miners.
-1
Anyone with any trading knowledge? on 14:04 - Apr 23 with 733 views
Anyone with any trading knowledge? on 13:57 - Apr 23 by DinDjarin
Silver will outperform Gold over the next 5 years. Its THE metal to get into at the moment and I have invested in a couple of Silver miners.
Miners or mines? I'm worried one incorrect character could cause me to lose a few millions but taking you meant miners I've just invested in 4 silver miners, they seem like very nice chaps
1
Anyone with any trading knowledge? on 14:29 - Apr 23 with 688 views
If I was new and looking to get into the heavily manipulated world of stocks and shares, I’d be splitting some money between Greatland Gold (GGP) and Argo Blockchain (ARB). Gold and crypto bases covered. Leave them for six months to a year.
That’s my lunchtime role as financial advisor over, back to selling beer. Do your own research, drink responsibly.
By continuing to use the site, you agree to our use of cookies and to abide by our Terms and Conditions.
. 
